Sec Form 4 Filing - Childs Russell A @ SKYWEST INC - 2016-08-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Childs Russell A
2. Issuer Name and Ticker or Trading Symbol
SKYWEST INC [ SKYW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
444 S RIVER ROAD
3. Date of Earliest Transaction (MM/DD/YY)
08/11/2016
(Street)
ST. GEORGE, UT84790
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/11/2016 M 31,029 A $ 14.49 176,955 ( 1 ) D
Common Stock 08/11/2016 S 21,516 D $ 28.79 155,439 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 14.49 08/11/2016 M 31,029 02/03/2013 02/03/2017 Common Stock 31,029 $ 0 0 D
Stock Option (Right to Buy) $ 15.51 02/02/2014 02/02/2018 Common Stock 9,929 9,929 D
Stock Option (Right to Buy) $ 13.06 02/15/2015 02/15/2019 Common Stock 22,979 22,979 D
Stock Option (Right to Buy) $ 13.24 02/13/2016 02/13/2020 Common Stock 16,389 16,389 D
Stock Option (Right to Buy) $ 12.1 02/18/2017 02/18/2021 Common Stock 18,054 18,054 D
Stock Option (Right to Buy) $ 13.51 02/17/2016( 2 ) 02/17/2022 Common Stock 37,023 37,023 D
Stock Option (Right to Buy) $ 11.36 05/15/2017 05/15/2021 Common Stock 4,687 4,687 D
Stock Option (Right to Buy) $ 14.78 02/10/2017( 3 ) 02/10/2023 Common Stock 41,020 41,020 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Childs Russell A
444 S RIVER ROAD
ST. GEORGE, UT84790
X President & CEO
Signatures
Russell A. Childs 08/12/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 120,484 restricted stock units, of which 69,084 vest three years from the date of grant and 51,490 vest upon achievement of performance measurements three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.
( 2 )Stock Options become exercisable in equal annual installments of 33.33% starting on February 11, 2016.
( 3 )Stock Options become exercisable in equal annual installments of 33.33% starting on February 10, 2017.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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